Information (materials) for the annual shareholders meeting of
Magnit PJSC to be held on June 26, 2025
№7 «ASSESSMENT
OF THE AUDITOR'S REPORT ON ANNUAL ACCOUNTS OF MAGNIT PJSC FOR 2024»
In accordance with the requirements of the Articles of Association of Magnit PJSC (hereinafter the Company), approved by the Company's Annual General Meeting of Shareholders on June 27, 2024, Regulations on the Committees of the Board of Directors of Magnit PJSC approved by the Company's Board of Directors on November 9, 2021, the Audit Committee of the Board of Directors of Magnit PJSC (hereinafter the Audit Committee) has evaluated the auditor's report on annual accounts of Magnit PJSC for 2024, drawn up pursuant to the Russian Accounting Standards (the "RAS").
The Audit Committee hereby expresses its opinion solely with respect to the decision presented below and does not express its opinion in respect of other parts of the auditing procedure or fairness of annual accounts.
TSATR - Audit Services Limited Liability Company (hereinafter TSATR - Audit Services LLC), address: 75 Sadovnicheskaya embankment, Zamoskvorechye municipal district, Moscow, 115035, Russian Federation, was the Auditor of the Company in 2024.
TSATR - Audit Services LLC is a member of Self-regulated organization of auditors Association "Sodruzhestvo", resolution as of January 31th, 2020, PNRE 12006020327.
The Auditor's report on annual accounts of the Company for 2024 was issued on March 28, 2025. The Committee members have examined the Auditor's report of the Company - TSATR - Audit
Services LLC, drawn up on annual accounts for 2024.
The members of the Committee, following the examination of the independent auditor's report of TSATR - Audit Services LLC in respect of the annual accounts of Magnit PJSC, taking into account that the auditor expressed the opinion that annual accounts of Magnit PJSC present fairly in all material respects, the financial position of Magnit PJSC as of December 31, 2024, and its financial performance and its cash flows for the year then ended in accordance with the RAS, propose to the Board of Directors of the Company to recommend to the annual General Meeting of Shareholders of the Company to approve the annual accounts of Magnit PJSC for 2024.
Audit Committee of the Board of Directors